Hugging Face explores sale that could value startup at $13 billion
What's new: The New York AI company is working with a bank to test buyer interest after a 2023 funding round valued it at $4.5 billion.
Hugging Face is exploring a potential sale that could value the AI startup at $13 billion or more, Business Insider reported, citing people familiar with the matter. The New York-based company has been working with a bank to gauge interest from possible bidders, according to the report. Hugging Face runs a platform that hosts open-source large language models and datasets. The company was valued at $4.5 billion in a 2023 funding round backed by Salesforce, Google and Nvidia. Hugging Face did not immediately respond to a Reuters request for comment outside regular business hours.